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Posted: January 2017
Retail Sales Commentary, January-November 2016
Next due: late March 2017

Retail Sales Up 0.8% in First Eleven Months of 2016

Retail sales totalled $8.1 billion in the first eleven months of 2016, an increase of 0.8% compared to the same period in 2015.

The largest increases in retail value were motor vehicle and parts dealers (up $134.7 million or 6.2%), and health and personal care (up $19.4 million or 3.7%). Those increases were partially offset by a decline in the value of sales at gasoline stations (down $23.6 million or 2.2%), and food and beverage stores (down $49.7 million or 2.7%).

For Canada as a whole, retail sales increased by 3.6% during this period, relative to the previous year.

According to the Department of Finance's September 2016 forecast, retail sales are expected to increase by 0.8% in 2016.

Retail Sales by Industry
Newfoundland and Labrador, January-November 2016
Retail Sales Trade Group
($ millions)
2015
2016
Actual
Change
Percent
Change
Automotive
3,249.3
3,360.4
111.1
3.4%
Motor vehicle and parts dealers1
2,174.5
2,309.2
134.7
6.2%
Gasoline stations
1,074.9
1,051.3
-23.6
-2.2%
Food and beverage stores
1,839.6
1,790.0
-49.7
-2.7%
General merchandise stores
1,175.6
1,181.4
5.7
0.5%
Health and personal care
530.4
549.8
19.4
3.7%
Building material and garden equipment
508.1
497.6
-10.5
-2.1%
Clothing and accessories
277.0
280.3
3.3
1.2%
Furniture, home furnishings and electronics
269.0
257.2
-11.9
-4.4%
Miscellaneous stores
119.1
123.7
4.6
3.9%
Sporting goods, hobby, music and bookstores
109.6
106.1
-3.5
-3.2%
Total
8,077.8
8,146.4
68.6
0.8%

Source: Statistics Canada
1 The motor vehicle figure displayed here includes some used car sales, as well as parts and service labour, and are higher than those appearing in the Car Sales Bulletin.

Statistical Reference: Statistics used in this analysis were the latest available at the time of writing. For the latest in retail trade statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on Statistics Canada site.


 
Economic Research & Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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